2nd Test Post – 5/2/2020

What is an art advisor, and what role does she or he play in the art market?

As the contemporary market has grown, more and more collectors are chasing a finite number of works by brand-name artists or hot up-and-comers, and they want to be sure that they’re making the right choice. Advisors help collectors buy art by offering a variety of services to simplify the acquisition process.

In return for services such as advising on what artists and what works to buy, negotiating with galleries, bidding on works at auction, and introducing clients to market experts, advisors either take a percentage of the sale price of an artwork—typically between 5%-10%—or charge a fixed monthly (and sometimes yearly) fee.